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Posted by
blk911
on 2007-05-06

PUBLIC:

The details of the program seem to be fairly straight forward: fund at the seed level, get a ConvDebt w/pref in exchange for shot at series "A". [sic] We'll fund some projects early, not expend a ton of overhead scrutinzing the incubation and launch then get more heavily involved at the first 'open' round.

I made an inquiry on a Friday night at 9pCST, rec'd a reply in 40min. "Nice...but they didn't address my concern" which was that I wanted to have a phone conversation prior to sending in my Exec Summary. 4 days later the reply came "We can't do that...". So I sent a link which gave some public details and ask for a phone convo. "Sorry".

Seemed like it was not too much to ask, since our business is in the mobile space and todate, a completely unique concept there (hence a bit concerned about a blind mail-in).

2 emails more and we concluded that I would contact them post-launch. As described above, I wonder if they are for real or fishing for ideas or getting educated on what folks are doing in what spaces. We have an experienced team, seasoned vets in mgmt, code done, beta launched...and won't even do a phone call"